Im not sure but Id be willing to guess its pretty pricey. I would imagine though that the amount of money that you could potentially bring in if personal training had enough business could outweigh it substantially.

I believe we pay $800/month for umbrella that covers trainers so long as they're employees of the gym... no independent contractors/1099 trainers working FOR the gym. Independent trainers who pay trainer rent need their own insurance of at least $1 million.

You know guys w/ net worths of $22 million and $66 million who are in the gym business?

yes.

got in later in life. both as 'favors'.

one makes 99% of his income out of the gym (avocado orchards, property/real estate/developing) but spends 99% of his time in the gym trying to make money (he didn't).

the other is just a money man. Made the majority of his money in lettuce and horses. spends maybe 30mins in the gym each day and has no interest in day-to-day operations. actually a little less than 66 mil, but over 50.